Post here if you hear of layoffs today, or if you get the dreaded “catch-up” or whatever meeting on your calendar. Try to include location, org, etc. support each other and stay informed!
81 replies (most recent on top)
@fb This is absolutely true. Unfair things in CITI, this should be reported USCICS then they won't do this again. Be cautious with what they are doing.
You're the Svcker Fool for divulging your trade secrets, knowledge and troubleshooting methods.
Who's to say you will Not be Laidoff in a few months yourself??
If Citi can do it to other employees, they can do it to you too !
If I were you, I would've "trained" or taught them Simple BullSh!t that can easily be found or if they asked other from other employees.
It's like teaching someone how to play Poker, Chess, or other games or sports. Teach them the bare bones basics that can easily be found in books or online.
You do NOT divulge your trade secrets, tactics or techniques since you too will become Layoff Toast in a few months !
Racism, Caste, Favoritism, Friends - The four pillars of IT industry in the USA.
All the people who got laid off must be either permanent residents or citizens. I bet there are '0' immigrant layoffs, and probably more visa hirings, promotions and offshore hirings.
REPORT THE FRAUD AND DISCRIMINATION.
@em yeah same like here. They cover their own people. A lot of politics when deciding who to cut off ✂️
@c9 I got laid off yesterday, some politics too with in Citi . More favor to own people and group even though I have less pay and more experience they seems picked me first with target.
@ce yes. I had to start training them a few months ago and was told it was because they did not want the people who were impacted to do the training.
@e6 your time will come. Karma will get you for coming on here and showing off that you’ve been lucky. A$$hole!
I was cut a few months ago and was so happy about it. My D made my life stressful beyond any healthy mental state. The stress was unimaginable. I heard she got cut yesterday. Prior to that, she was moved under an MD she couldn't stand. I guess no one is immune to the horror show. Would that be Karma or just Citi life as usual?
@b9 under Shel?
So weird. I legit work 2 hours a day, in a high-cost location and am at the top of the C14 salary band and I survived lol
388 FL24 SVP was let go! He’s been around forever and was way past the retirement anyway, so he seemed happy to leave. He’s walking away with about a year’s worth of severance, plus another three months on payroll.
@b8 Dummy!
There appears to be a lot of lay offs today. Mostly Americans. But we don't know if it is true or just scaremongering.
But the fact is that a lot of the new vendor contracts are getting renewed and offshore hiring has been substantially increasing month over month. I think Modi did a great job😁, and the contracting companies are doing a phenomenal job by trapping higher management.
MAGA got fooled! 🤣 More Americans are getting laid off than ever!
@ce yep, that's the plan. I did not survive but every single person in our LOB started training late April, here we are 3 months later... I'm sure time frame will vary by business, but result is the same.
For those who survived, are we expected to train our offshore replacement?
Design & UX (in Tech) got hit.
@cb this i agree with. So many “risk” teams that overlap and truly add no value
In Citi, due to repeated consent orders huge number of salaried employees were hired. With short interviews, etc.
That entire group created more problems and solution. Spread across every department. Risk became a new buzzword to quantify and justify anything. Metrics were demanded from rank and file by +3 different teams who in turn don’t talk to each other. The entire organization had 3 values to work against: Red - Amber - Green. Executive/Senior management worked to maintain 1 value: GREEN. Hook or by crook. And these teams: happily took whatever was served to them as long as its GREEN.
So I say: good riddance. If its from risk and compliance.
My manager gets laid off today. Anyone has the same situation before? Does that mean my position is in danger?
@c2 Yes.
@b1 part of that impact for USCC MCA today. It was rough.
Best Multi $Billion save the firm can make? Unplug the AI nonsense, zero the budget and get back to work. Every AI initiative I see and participate in is a waste of time, resources and a fluff job to show we used AI for something. All Activity and silly Output. The emperor wore no clothes. Su-kers...
@c2 yes - about 75 cuts in Elyse’s org.
@bz MRD = Master Reference Data in EDO under Shel - Mooney.
@bt I am in marketing ops. no impact. whose org? Elyse?
@bv Everyone gets the same warn and severance package in a RIF. 60 or 90 day warn - depending on state and 2 weeks of salary for every year. It's no different if your a D or MD, or a vp etc.
Got the Catch Up call today 7/29
@by MRD?
MRD was gutted today Tampa NJ and Irving
@b7 Yes, US NY impacted
Laid off at 9am, ICM, Irving, TX
Do you all get any compensation like 3 -4 months pay at least? I am talking about people who are under C14 role. The other big guys will get hundreds of thousands in compensation when they get laid off suddenly.
388 Marketing Ops had cuts at 388 and other locations (don't kmow specifics)
@OP laid off from a Wealth Risk role at 388 Greenwich. Apparently irrelevant after 15 years in many different roles and an AI Accelerator. Taking my skills elsewhere. The immediate cut-off from log-in is same as earlier rounds - really harsh imo not to be able to get some tax, 401k, medical, etc. info before access was cut.
WARN notice shows 71 in total impacted in NJ
@bc yes Canadians were impacted
@bh 388 Greenwich St, the Global HQ, A mass of well compensated summer and 1-2-3 year associates, C12-15-16s and the client center staff, fancy branch. Darn good pizza at Matones's still $3 slice, the only lunch I can afford (or stomach) and a $20 haircut if you are brave just up the block. And didn't sense any cuts today. None.
@bm do you know what groups within IA?
Numerous cuts in Internal Audit. Tampa and NYC
@bh the mother ship